Mountain View Bank of Commerce (Mountain View) raised the rate today on its 18-month CD (1.25% APY). This is the first substantial rate increase for this CD in two years.
The minimum opening deposit is $1K and there is no maximum balance cap. According to a very cheerful and helpful CSR, the Early Withdrawal Penalty is a considerable 12 months interest.
Located in suburban Denver, Mountain View Bank of Commerce is a full-service bank offering its product line and services to residents of Colorado.
CSR stated that the initial account opening at Mountain View requires an in-person visit to the sole branch in Westminster, but once all the pertinent information is on file at the Bank, further transactions can be done through the mail, fax, or e-mail. At this time, Mountain View’s online banking services are limited to bill payment and existing account management.
N.B. There is a Mountain View Bank located in Colorado Springs, which is separate financial institution with no relationship to Mountain View Bank of Commerce.
Mountain View Bank of Commerce has an overall health rating of "B+" at DepositAccounts.com, with a Texas Ratio of 7.67% (excellent), as of September 30, 2014. Mountain View has an excellent capitalization level of 13.67%, a result of holding assets of $66.05 Million, with $9.03 Million in equity. Please refer to our financial overview of Mountain View Bank of Commerce for more details.
Mountain View Bank of Commerce (FDIC Certificate # 58772) is a young bank, having been founded in 2008 by J. Andy Ellison, the current President and CEO. As a community oriented bank, Mountain View’s mission statement reads:
Make the community in which we live and work a better place by helping local business owners achieve and sustain economic success.
How the CD Compares
When compared to similar length of term CDs tracked by DepositAccounts.com, with similar deposit requirements and available to Colorado residents, Mountain View Bank of Commerce’s 18-month CD is quite competitive:
The above rates are accurate as of 12/30/2014.
To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table.